Life Insurance

Wall Street Journal Headlines

A consortium of Chinese investors including Yunfeng Capital ended talks to acquire a $5.7 billion stake in New China Life Insurance from China’s sovereign-wealth fund due to difficulty in agreeing on a price and other terms after a sharp run-up in the insurer’s shares.

In another nod to industry complaints, New York's top financial watchdog said it would reduce by as much as 15% the amount of reserves insurers must set aside for a type of life-insurance policy long popular with the well-to-do.

A decline in the competitiveness of domestically-produced Japanese electronic products abroad may have come to an end, an index complied by Meiji Yasuda Life Insurance shows, as the yen's sharp slide against the dollar has finally started boosting the value of the country's exports.

Anbang Insurance Group of China is buying a controlling stake in South Korean life insurer Tong Yang Life Insurance for $1 billion, the latest acquisition abroad for the aggressively expanding Chinese insurer.

One of the world’s longest-serving life insurance sales agents is still plying his trade in Hong Kong. Joe Sun’s career has spanned the development of Asia’s life-insurance market from a backwater into one of the world’s fastest growing.

MetLife eked out a slight increase in fourth-quarter operating profit though revenue edged down, as the life-insurance industry continues to wrestle with tough economic conditions in many parts of the world.

When state-run Coal India sold nearly $4 billion of shares, another government-owned firm acquired almost half of the total. Some analysts say that could be a sign private-sector demand isn’t as strong as it might be.

Manulife Financial Corp. said it has agreed to acquire New York Life Insurance Co.’s retirement-plan services business for an undisclosed amount, significantly bolstering its retirement-plans business overall.